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Monday, December 01, 2003
Philips CEO says China important for strategy


Dutch Philips Electronics' Chief Executive Gerard Kleisterlee repeated on Monday that China would play an important role in the company's growth strategy.

Philips said in a statement that research and development activities in China would be stepped up and the already strong position of the Philips brand would be further bolstered by cross-company marketing programs.

Philips is Europe's largest maker of consumer electronics and lighting and number three in semiconductors.


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